Tag: WaFds

Bank of America to buy WaFd’s multi-family loan portfolio for $2.9 billion

(Reuters) -Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its exposure to the troubled sector. The commercial real estate (CRE) sector, which has been roiled by higher borrowing costs and lower occupancy, has become […]